Sam, the CEO of a Product Development Company, Is Planning

question 64

Multiple Choice

Sam, the CEO of a product development company, is planning to implement an ERP system in his company. However, most of his colleagues advise him against implementing such a system saying that such systems have more weaknesses than strengths. Why should Sam still go ahead with the implementation?

• A)ERP systems are very easy to implement, especially in large organizations.
• B)Research shows that almost all ERP implementations have been a success.
• C)Once in place, the ERP can dramatically enhance operational efficiencies and reduce costs.
• D)ERP implementation rarely affects workflow and therefore requires very little usage training.

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Definitions:

Owners

Individuals or entities that legally possess an item, property, or business, holding the rights to control, use, and dispose of it.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership stakes and sometimes the right to vote on corporate matters.

Social Responsibility

The idea that businesses should contribute to the welfare of society and not be solely focused on maximizing profits.

Stakeholder Responsibility

The obligation of organizations to consider the interests and well-being of all individuals or groups affected by their actions.